Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q2 FY26 Earnings Presentation
57 slides from Phoenix Mills's earnings presentation, Oct 31, 2025
Slide 1: Cover letter to stock exchanges
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 CIN No. : L17100MH1905PLC000200 October 31, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street,
Slide 2: Investor Presentation Q2 and H1 FY26
Artist’s Impression THE PHOENIX MILLS LIMITED Investor Presentation Q2 and H1 FY26 The St. Regis | Phoenix Palladium | Rise, Mumbai
Slide 3: H1 FY26 Consolidated Performance Overview
H1 FY26 Consolidated Performance Overview Consolidated Group Performance Revenue from Rs. 2,068 cr Operating Rs. 1,231 cr operations EBITDA Up 14% vs H1 FY25 Up 17% vs H1 FY25 Core Businesses (Retail, Office, Hotel, Asset Management) Revenue from Rs. 1,794 cr Operating Rs. 1,095 cr operations EBITDA
Slide 4: Q2 FY26 Consolidated Performance Overview
Q2 FY26 Consolidated Performance Overview Consolidated Group Performance Revenue from Rs. 1,115 cr Operating Rs. 667 cr operations EBITDA Up 22% vs Q2 FY25 Up 29% vs Q2 FY25 Core Businesses (Retail, Office, Hotel, Asset Management) Revenue from Rs. 914 cr Operating Rs. 552 cr operations EBITDA Up 9%
Slide 5: Business Performance - Retail
Photo shot at location Business Performance - Retail Financial Results Annexures Phoenix Palassio, Lucknow 4
Slide 6: Retail business overview
Retail business overview Q2 FY26 Q2 FY26 Retail Q2 FY26 Retail Consumption Rental Income EBITDA Rs. 3,750 cr Rs. 527 cr Rs. 551 cr Up 14% vs Q2 FY25 Up 10% vs Q2 FY25 Up 10% vs Q2 FY25 H1 FY26 H1 FY26 Retail H1 FY26 Retail Consumption Rental Income EBITDA Rs. 7,335 cr Rs. 1,038 cr Rs. 1,093 cr Up 13
Slide 7: H1 FY26 Retail consumption up by 13% over H1 FY25
H1 FY26 Retail consumption up by 13% over H1 FY25 H1 FY26 Consumption (Rs. cr) Growth 10% -1% - 68% 5% 31% 5% 9% 24% 15% 11% 8% over H1 FY25 1,151 900 837 832 795 663 619 604 415 285 123 113 Phoenix PMC PMC Pune Phoenix Mall PMC & Phoenix Mall PMC Mumbai Phoenix Palladium Phoenix PU Bareilly PU Luck
Slide 8: Q2 FY26 Retail consumption up by 14% over Q2 FY25
Q2 FY26 Retail consumption up by 14% over Q2 FY25 Q2 FY26 Consumption (Rs. cr) Growth 13% 78% - -2% 7% 27% 7% 7% 24% 15% 7% 8% over Q2 FY25 582 463 457 422 413 341 309 298 209 143 57 55 Phoenix Phoenix Mall PMC PMC Pune PMC & Phoenix Mall PMC Mumbai Phoenix Palladium Phoenix PU Bareilly PU Lucknow P
Slide 9: Q2 FY26 - Consumption across entire spectrum of discretionary wallet spend
Q2 FY26 - Consumption across entire spectrum of discretionary wallet spend Consumption Contribution Trading Area Mix YoY Consumption Growth Fashion & Accessories 53% 61% 17% Jewellery 14% 2% 12% Electronics 12% 3% 23% Food & Beverages 10% 11% 6% Others 4% 3% -5% FEC & Multiplex 5% 15% 23% Gourmet &
Slide 10: Q2 FY26: Insights into Adjusted Consumption Growth of 19-20%
Q2 FY26: Insights into Adjusted Consumption Growth of 19-20% 19 - 20% Q2 FY26 YoY Adjusted Consumption Growth ~3% Impact of Strategic Churn across Phoenix MarketCity Malls ~1.5% Adj. for Courtyard Block in Phoenix Palladium 14% Q2 FY26 YoY Base Consumption Growth Note: The above numbers are provided
Slide 11: Post-Repositioning Occupancy Ramp-Up to Drive Rental Upside
Post-Repositioning Occupancy Ramp-Up to Drive Rental Upside Q2 FY26 Trading Stabilized Retail Assets Growth Drivers Occupancy (%) Occupancy (%) Phoenix MarketCity 82% Bangalore Large Anchor spaces optimized and leased to flagship inline and mini anchors at higher rental yields 95%+ Phoenix MarketCit
Slide 12: Strategic Repositioning improves Tenant Productivity Across PMC Malls
Strategic Repositioning improves Tenant Producitivity Across PMC Malls Q2 FY26 Trading Q2 FY26 Trading Retail Assets Q2 FY26 Consumption Occupancy Density Phoenix MarketCity Rs. 457 cr (Flat) 82% (↓14 pps) Rs. 2,831 pspm (↑21%) Bangalore Phoenix MarketCity Rs. 422 cr (↓2%) 82% (↓13 pps) Rs. 2,083 ps
Slide 13: Business Performance - Offices
Indicative Render Business Performance - Offices Financial Results Annexures One National Park, Chennai 12
Slide 14: Premium Workspaces within Mixed-Use Ecosystems
Premium Workspaces within Mixed-Use Ecosystems Phoenix Asia Towers MUMBAI GLA: ~0.78 msft BENGALURU Millennium Towers GLA: ~1.37 msft Grade A Offices Integrated Campus Design Future-Ready Workspaces Strategically integrated with destination Synergistic environments that blend work, Focused on region
Slide 15: Strong Leasing Traction and Uptick in Occupancy
Strong Leasing Traction and Uptick in Occupancy • Occupancy in the operational offices at Mumbai and Vimmanagar in Pune stood at 77% in Oct-25 vs. 67% in Mar-25 • Gross leasing of ~9.43 lakh sq. ft. in the offices at Mumbai, Pune, Bengaluru and Chennai between April to Mid Oct-25. Leased Occupancy M
Slide 16: Commercial offices performance overview
Commercial offices performance overview Operational assets: Mumbai, Pune Q2 FY26 Q2 FY26 Income EBITDA Rs. 54 cr Rs. 33 cr Up 1% vs Q2 FY25 Down 2% vs Q2 FY25 H1 FY26 H1 FY26 Income EBITDA Rs. 106 cr Rs. 67 cr Up 2% vs H1 FY25 Up 1% vs H1 FY25 Concept Architect 15
Slide 17: Business Performance - Hospitality
Photo shot at location Business Performance - Hospitality Financial Results Annexures Koiishii, The St. Regis, Mumbai 16
Slide 18: Hotels Overview
Hotels Overview Q2 FY26 Q2 FY26 Occupancy Income EBITDA (The St. Regis) Rs. 121 cr Rs. 53 cr 85% Flat vs Q2 FY25 Up 12% vs Q1 FY25 Q2 FY26 H1 FY26 H1 FY26 Occupancy Income EBITDA (CYMA) Rs. 244 cr Rs. 105 cr 60% Up 5% vs H1 FY25 Up 16% vs H1 FY25 Q2 FY26 Concept Architect 17
Slide 19: The St. Regis, Mumbai: Performance overview for Q2 and H1 FY26
The St. Regis, Mumbai: Performance overview for Q2 and H1 FY26 ARR (Rs.) RevPAR (Rs.) Occupancy 2% 7% 2% 6% Growth Growth Growth Growth 85% Q2 FY26 84% 17,320 17,727 16,875 18,129 14,694 14,999 14,311 15,230 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 H1 FY26 Q2 FY26 Revenue Mix
Slide 20: Courtyard by Marriott, Agra: Performance overview for Q2 and H1 FY26
Courtyard by Marriott, Agra: Performance overview for Q2 and H1 FY26 ARR (Rs.) RevPAR (Rs.) Occupancy 4% 14% 1% 60% Flat De-Growth De-Growth Growth Q2 FY26 65% 4,569 4,396 4,375 4,384 2,826 3,044 2,621 2,862 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY26 Revenue Mix
Slide 21: Business Performance: Residential
Indicative Render Business Performance: Residential Financial Results Annexures One Bangalore West 20
Slide 22: Residential Portfolio: Steady traction in demand for ready units
Residential Portfolio: Steady traction in demand for ready units Rs. 139 Cr Rs. 116 Cr ~28,900 psf Q2 FY26 Q2 FY26 Q2 FY26 Gross Sales Collections Average sales price Rs. 287 Cr Rs. 214 Cr ~27,900 psf H1 FY26 H1 FY26 H1 FY26 Gross Sales Collections Average sales price Concept Architect 21
Slide 23: Business Performance - Financial Results
Photo shot at location Business Performance Financial Results Annexures Phoenix MarketCity Mumbai 22
Slide 24: Q2 FY26 Consolidated EBITDA at Rs. 667 crores, up 29%
Q2 FY26 Consolidated EBITDA at Rs. 667 crores, up 29% Amount in Rs. Cr Particulars Q2 FY26 Q2 FY25 YoY% H1 FY26 H1 FY25 YoY% Income from operations 1,115 918 22% 2,068 1,822 14% Operating EBITDA 667 518 29% 1,231 1,049 17% EBITDA Margin (%) 60% 56% 3 pps 60% 58% 2 pps Add: Other income 31 37 -17% 62
Slide 25: Q2 and H1 FY26 Break up of Consolidated P&L
Q2 and H1 FY26 Break up of Consolidated P&L Amount in Rs. Cr Particulars Q2 FY26 Q2 FY25 YoY% H1 FY26 H1 FY25 YoY% Revenue from core businesses (Retail, 914 842 9% 1,794 1,686 6% Offices, Hotel & Asset Management) Add: Residential & Others 202 76 165% 274 136 102% Consolidated Revenue 1,115 918 22%
Slide 26: Q2 FY26 Standalone EBITDA at Rs. 87 crores up 20%
Q2 FY26 Standalone EBITDA at Rs. 87 crores up 20% Amount in Rs. Cr Particulars Q2 FY26 Q2 FY25 YoY% H1 FY26 H1 FY25 YoY% Income from operations 137 116 19% 263 234 12% Operating EBITDA 87 72 20% 168 149 13% EBITDA Margin (%) 63% 63% 1 pps 64% 64% 0 pps Add: Other income 95 105 -9% 101 111 -9% Less:
Slide 27: Operating cash flow in Q2 FY26
Operating cash flow in Q2 FY26 Q2 FY26 Q2 FY25 % Change Amount in Rs. cr Net cash from operating activities 582 486 20% Less: Interest paid -74 -105 - 30% Operating free cash flow 508 380 34% Contribution to Operating free cash flow from Retail, Offices, Hotels 439 378 16% Residential 69 3 - 26
Slide 28: Operating cash flow in H1 FY26
Operating cash flow in H1 FY26 H1 FY26 H1 FY25 % Change Amount in Rs. cr Net cash from operating activities 1,147 1,000 15% Less: Interest paid -167 -190 -12% Operating free cash flow 981 809 21% Contribution to Operating free cash flow from Retail, Offices, Hotels 854 786 9% Residential 126 23 - 27
Slide 29: Group-level Debt and Cash position as on 30th September 2025
Group-level Debt and Cash position as on 30th September 2025 vs. 31st March 2025 31-Mar-25 30-Sep-25 Change Amount Rs. cr Liquidity (Bank balance + 1,702 2,481 + 779 Investments + DSRA)*^ Gross Debt^ 4,409 4,684 + 276 Net Debt^ 2,707 2,203 - 503 Net Debt to EBITDA^ ~1.2x ~0.9x *Does not include amou
Slide 30: Average cost of debt in September-2025 down to 7.68%
Average cost of debt in September-2025 down to 7.68% Effective cost of debt (%) 9.19% 8.81% 8.74% 8.50% 8.17% 7.92% 7.68% 7.30% Spread: Spread: 479 bps 218 bps 6.50% 6.50% 6.25% 5.50% 5.50% 4.40% 4.00% 4.00% Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Jun-25 Sep-25 PML's Avg. Cost of Debt (%) RBI Repo
Slide 31: CPP Transaction Update
CPP Transaction Update Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Deal Approval CCI Approval Shareholders Other Payment of Received Received Approval conditions Tranche 1 Received precedent completed 30
Slide 32: Annexures
Photo shot at location Business Performance Financial Results Annexures Phoenix Mall of the Millennium 31
Slide 33: Q2 FY26 Retail Rental Income grew by 10% over Q2 FY25
Q2 FY26 Retail Rental Income grew by 10% over Q2 FY25 Q2 FY26 Q2 FY25 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 116 101 14% Phoenix MarketCity Bangalore 49 50 -3% Phoenix MarketCity Pune 52 54 -3% Phoenix MarketCity and Palladium Chen
Slide 34: Q2 FY26 Retail EBITDA grew by 10% over Q2 FY25
Q2 FY26 Retail EBITDA grew by 10% over Q2 FY25 Q2 FY26 Q2 FY25 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 117 105 12% Phoenix MarketCity Bangalore 51 54 -6% Phoenix MarketCity Pune 58 60 -4% Phoenix MarketCity and Palladium Chennai 64 61 4% Phoenix
Slide 35: H1 FY26 Retail Rental Income grew by 7% over H1 FY25
H1 FY26 Retail Rental Income grew by 7% over H1 FY25 H1 FY26 H1 FY25 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 224 205 9% Phoenix MarketCity Bangalore 96 101 -5% Phoenix MarketCity Pune 106 107 -1% Phoenix MarketCity and Palladium Che
Slide 36: H1 FY26 Retail EBITDA grew by 7% over H1 FY25
H1 FY26 Retail EBITDA grew by 7% over H1 FY25 H1 FY26 H1 FY25 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 231 212 9% Phoenix MarketCity Bangalore 102 110 -8% Phoenix MarketCity Pune 117 118 -1% Phoenix MarketCity and Palladium Chennai 127 124 2% Phoe
Slide 37: Phoenix Palladium Mumbai
Phoenix Palladium Mumbai (Rs. cr) Q2 FY26 Q2 FY25 % growth H1 FY26 H1 FY25 % growth Rental 109 95 14% 210 193 9% CAM & Others 26 20 28% 47 41 14% Total Income 135 115 17% 257 234 10% Asset EBITDA 111 99 12% 218 201 9% Asset EBITDA 102% 104% -2 pps 104% 104% -1 pps as % of Rental PML Standalone 87 72
Slide 38: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 49 50 -3% 96 101 -5% CAM & Others 20 22 -9% 41 45 -9% Total Income 69 72 -4% 137 146 -6% Asset EBITDA 51 54 -6% 102 110 -8% Asset EBITDA as % 105% 107% -2 pps 105% 109% -3 pps of Rental Rental Rate (Rs. 19
Slide 39: Phoenix MarketCity Pune
Phoenix MarketCity Pune % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 52 54 -3% 106 107 -1% CAM & Others 23 24 -6% 47 48 -2% Total Income 75 78 -4% 153 155 -2% Asset EBITDA 58 60 -4% 117 118 -1% Asset EBITDA as % 110% 111% -1 pps 111% 110% 1 pps of Rental Rental Rate (Rs. 170 157
Slide 40: Phoenix MarketCity & Palladium Chennai
Phoenix MarketCity & Palladium Chennai % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 58 55 6% 115 110 4% CAM & Others 32 29 8% 63 60 5% Total Income 90 84 7% 178 171 4% Asset EBITDA 64 61 4% 127 124 2% Asset EBITDA as % 109% 111% -2 pps 110% 113% -2 pps of Rental Rental Rate (Rs.
Slide 41: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 45 43 3% 90 88 2% CAM & Others 23 21 7% 44 43 2% Total Income 67 65 4% 134 131 2% Asset EBITDA 49 46 8% 97 93 4% Asset EBITDA as % 110% 105% 5 pps 108% 106% 2 pps of Rental Rental Rate (Rs. 129 127 2% 129 128
Slide 42: Phoenix Palassio, Lucknow
Phoenix Palassio, Lucknow % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 37 35 8% 73 69 6% CAM & Others 20 18 8% 38 35 9% Total Income 57 53 8% 112 105 7% Asset EBITDA 40 35 14% 79 72 10% Asset EBITDA as % 107% 101% 6 pps 108% 104% 4 pps of Rental Rental Rate (Rs. 140 131 7% 139 1
Slide 43: Phoenix United Lucknow
Phoenix United Lucknow % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 9 8 5% 17 17 4% CAM & Others 6 6 12% 12 11 13% Total Income 15 14 8% 30 28 7% Asset EBITDA 9 8 10% 18 16 10% Asset EBITDA as % 102% 98% 4 pps 103% 97% 6 pps of Rental Rental Rate (Rs. 95 94 1% 96 94 2% pspm) Con
Slide 44: Phoenix United Bareilly
Phoenix United Bareilly % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 7 6 11% 14 13 9% CAM & Others 6 5 26% 12 10 20% Total Income 13 11 18% 25 22 14% Asset EBITDA 7 6 23% 14 12 18% Asset EBITDA as % 110% 99% 11 pps 105% 97% 8 pps of Rental Rental Rate (Rs. 74 70 6% 75 70 6% pspm
Slide 45: Phoenix Citadel, Indore
Phoenix Citadel, Indore % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 26 25 6% 52 48 8% CAM & Others 17 15 7% 32 31 4% Total Income 43 40 6% 84 79 6% Asset EBITDA 25 24 4% 51 46 12% Asset EBITDA as % 95% 97% -2 pps 94% 96% -2 pps of Rental Rental Rate (Rs. 89 87 3% 88 84 5% pspm)
Slide 46: Palladium Ahmedabad
Palladium Ahmedabad % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 33 29 14% 65 57 15% CAM & Others 17 16 7% 35 31 12% Total Income 50 44 11% 100 88 14% Asset EBITDA 31 27 15% 63 54 17% Asset EBITDA as % 94% 93% 1 pps 97% 95% 2 pps of Rental Rental Rate (Rs. 154 141 9% 152 142 7%
Slide 47: Phoenix Mall of the Millennium, Pune
Phoenix Mall of the Millennium, Pune % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 44 35 26% 87 72 20% CAM & Others 22 19 16% 45 39 16% Total Income 66 54 23% 132 111 19% Asset EBITDA 44 33 35% 89 68 31% Asset EBITDA as % 101% 94% 7 pps 102% 93% 9 pps of Rental Rental Rate (Rs. 1
Slide 48: Phoenix Mall of Asia, Bengaluru
Phoenix Mall of Asia, Bengaluru % % (Rs. cr) Q2 FY26 Q2 FY25 H1 FY26 H1 FY25 growth growth Rental 51 39 30% 98 87 13% CAM & Others 25 22 9% 54 45 18% Total Income 76 62 22% 152 132 15% Asset EBITDA 55 40 36% 105 91 15% Asset EBITDA as % 108% 103% 5 pps 106% 105% 1 pps of Rental Rental Rate (Rs. 161
Slide 49: Leasing and occupancy in the Commercial Office Portfolio as of September 2025
Leasing and occupancy in the Commercial Office Portfolio as of September 2025 Net Leasable Area Leased Gross Rent Asset Location % area leased Area (msft) (msft) (psfpm)* Art Guild House Mumbai 0.63 0.57 90% 123 Phoenix Paragon Mumbai 0.31 0.21 67% 138 The Centrium Mumbai 0.11 0.06 59% 120 Phoenix H
Slide 50: Q2 FY26 Commercial Offices Income stood at Rs. 54 cr
Q2 FY26 Commercial Offices Income stood at Rs. 54 cr EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio Q2 FY26 Q2 FY25 Growth (%) Q2 FY26 Q2 FY25 Growth (%) Q2 FY26 Q2 FY25 Art Guild House, Mumbai 23 24 -1% 17 17 -4% 71% 73% Phoenix Paragon, Mumbai 9 9 4% 4 5 -1
Slide 51: H1 FY26 Commercial Offices Income stood at Rs. 106 cr
H1 FY26 Commercial Offices Income stood at Rs. 106 cr EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio H1 FY26 H1 FY25 Growth (%) H1 FY26 H1 FY25 Growth (%) H1 FY26 H1 FY25 Art Guild House, Mumbai 47 46 1% 33 34 -3% 70% 73% Phoenix Paragon, Mumbai 17 17 -3% 9 1
Slide 52: Residential Portfolio: Sales for H1 FY26 surpassed full year FY25 sales
Residential Portfolio: Sales for H1 FY26 surpassed full year sales recorded in FY25 ✓ Sales performance has shown a strong upward trajectory, supported by robust demand for premium residential spaces. ✓ Gross residential sales of ~Rs. 139 cr in Q2 FY26 (up vs Rs 27 Cr in Q2 FY25) and ~Rs. 287 cr in
Slide 53: The St. Regis, Mumbai
The St. Regis, Mumbai Amount in Rs. Cr Photo Photoshot shotatatlocation location Q2 Q2 % H1 H1 % Particulars FY26 FY25 growth FY26 FY25 growth Revenue from Rooms 52 52 1% 105 100 5% Revenue from F&B and Banquet 57 57 0% 111 107 4% Other Operating Income 4 3 16% 8 7 15% Total Income 113 111 1% 225 21
Slide 54: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Amount in Rs. Cr Q2 Q2 % H1 H1 % Photo shot at location Particulars FY26 FY25 growth FY26 FY25 growth Revenue from Rooms 4.6 5.3 -13% 10.0 9.8 2% Revenue from F&B and Banquet 3.8 4.2 -9% 9.2 8.2 12% Other Operating Income 0.4 0.4 -3% 0.7 0.7 -6% Total Income 8.8 9.9 -11%
Slide 55: Gross Debt across Subsidiaries as on 30th September 2025
Gross Debt across Subsidiaries as on 30th September 2025 PML Q1 FY26 Q2 FY26 Status Asset Type SPV Asset Name Ownership (%) (Rs. Cr) (Rs. Cr) The Phoenix Mills Ltd. (Standalone) Phoenix Palladium, Mumbai 100.0% 738 722 Classic Mall Development Phoenix MarketCity, Chennai 100.0% 429 427 Vamona Develo
Slide 56: Click on the logos for updates on Instagram
Click on the logos to for updates on Instagram R E TA I L Phoenix Marketcity Bangalore logo Phoenix Marketcity Kurla logo Phoenix Marketcity Pune logo Phoenix Marketcity Chennai logo Phoenix Palassio logo Phoenix Citadel, Indore | Linktree Palladium Ahmedabad (@palladiumAhm) / X Phoenix Mall of the
Slide 57: Investor relations contacts
Karl Kolah Madhurima Kane Email: karl.kolah@phoenixmills.com Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors Linkedin: The Phoenix Mills Limited 56 56